Professor David Rosenfeld Cited in Wall Street Journal on SEC Admissions Policy

Professor David RosenfeldProfessor David Rosenfeld’s article, “Admissions in SEC Enforcement Cases: The Revolution That Wasn’t,” published in the Iowa Law Review was recently cited in the article, “Alex Oh Named Securities and Exchange Commission Enforcement Director” published in the Wall Street Journal.  Professor Rosenfeld’s article showed that in spite of the Securities and Exchange Commission’s stated policy of requiring admissions when settling certain enforcement cases – particularly those involving egregious misconduct – the agency had in fact obtained very few admissions under the policy and only rarely in cases involving the worst forms of misconduct.

Professor Rosenfeld joined the NIU Law faculty in 2015. He teaches courses in securities regulation, business law and contracts. Before joining the NIU Law faculty, Professor Rosenfeld worked for many years at the U.S. Securities and Exchange Commission (SEC). As co-head of Enforcement for the SEC’s New York office, Professor Rosenfeld supervised teams of attorneys in investigating and prosecuting violations of the federal securities laws, including cases of insider trading and accounting fraud. Prior to working at the SEC, Professor Rosenfeld was in private practice at Davis Polk & Wardwell in New York. Professor Rosenfeld also taught at the University of Virginia, and served as a law clerk to the Honorable A. Raymond Randolph of the United States Court of Appeals for the District of Columbia Circuit. At the SEC, Professor Rosenfeld led numerous prominent investigations, including the Galleon insider trading cases and the New York Stock Exchange Specialist cases.

Professor Rosenfeld graduated from Harvard Law School, where he was an editor of the Harvard Law Review, and received a Ph.D. in Political Theory from Columbia University.

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